Banking

SUDEBAN is a technical and specialized entity with legal personality and its own assets. Attached to the Ministry of People's Power for Economy and Finance, SUDEBAN enjoys functional autonomy and is independent of the national treasury. Its main function is to supervise, regulate and inspect the financial institutions ruled by the local banking system (Ley General de Bancos y Otras Instituciones Financieras ) in order to foster the sound functioning of the country's financial activities.

Filed under Banking | Published on 15/Jan/2014 | Written by Zachary Volkert

Venezuelan lending to the productive sector reached 270bn bolívares (US$42.9bn) at the end of December 2013, up 50.7% from 179bn bolívares at the same point in 2012, according to banking regulator Sud...

Filed under Banking | Published on 15/Nov/2013 | Written by Kieran Lonergan

The Venezuela public banking system&#39;s total net loans hit 158bn bolívares (US$25.1bn) at end-October, an increase of 72.2% year-on-year, said state news agency AVN, citing figures published by ban...

Filed under Banking | Published on 04/Oct/2012 | Written by Patricia Guerra

Venezuela's banking sector saw a 70% increase in its loan portfolio and total assets in the first eight months of 2012, banking system regulator Sudeban's head, Edgar Hernández was quoted as saying by...

Filed under Banking | Published on 17/May/2012 | Written by Natan Levy

Venezuela's banking sector reported a significant fall in delinquency levels on the banking sector's credit portfolio, hitting 1.42% in April and representing a 2.32 percentage point drop a year ago. ...

Filed under Banking | Published on 16/Apr/2012 | Written by Patricia Guerra

Venezuela's banking sector reported 643bn bolívares (US$150bn) in total assets at the end of March, representing 3.0% growth compared to the previous month and a 49.9% increase from March 2011, accord...